-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QyggyHVsQpz10qyz2OEzVISw9qBheDT0kG7SrKptTOoxxGQCF8oJF49WBxOOz39i Jz9Q23R2q9P2LoeQQMfQgw== 0000083402-97-000023.txt : 19970715 0000083402-97-000023.hdr.sgml : 19970715 ACCESSION NUMBER: 0000083402-97-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970711 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19970714 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: RESOURCE AMERICA INC CENTRAL INDEX KEY: 0000083402 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 720654145 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 97639900 BUSINESS ADDRESS: STREET 1: 1521 LOCUST STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2155465005 MAIL ADDRESS: STREET 1: 2876 SOUTH ARLINGTON ROAD CITY: AKRON STATE: OH ZIP: 44312 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE EXPLORATION INC DATE OF NAME CHANGE: 19890214 FORMER COMPANY: FORMER CONFORMED NAME: SMTR CORP DATE OF NAME CHANGE: 19700522 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 11, 1997 ----------------------------- Resource America, Inc. -------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-4408 72-0654145 -------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer incorporation) File Number) Identification No.) 1521 Locust Street, Philadelphia, Pennyslvania 19102 ------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (215) 546-5005 ------------------ Item 5. Other Events. - -------------------------- On June 24, 1997, registrant commenced a private placement of $75 million of Senior Notes due 2004. On July 11, 1997, the offering amount was increased to $100 million. It is anticipated that the offering will close on or about July 22, 1997. A copy of registrant's press release issued pursuant to Rule 135c is annexed hereto as Exhibit 99 and incorporated herein by reference. Item 7. Financial Statements and Exhibits. - -------------------------------------------- c) Exhibits 99. Press release pursuant to Rule 135c under the Securities Act of 1933. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RESOURCE AMERICA, INC. (Registrant) Dated: July 14, 1997 By: /s/ Nancy J. McGurk -------------------- -------------------------------- Nancy J. McGurk Vice President - Finance and Treasurer Exhibit 99 FOR IMMEDIATE RELEASE --------------------- Contact: Michael L. Staines Sr. Vice President Resource America, Inc. 1521 Locust Street - 4th Floor Philadelphia, PA 19102 (215) 546-5005 : (215) 546-5388 (facsimile) Page 1 of 1 ______________________________________________________________________________ RESOURCE AMERICA, INC. ANNOUNCES INCREASE IN OFFERING OF ITS SENIOR NOTES TO $100 MILLION Philadelphia, PA., JuLY 11, 1997 - Resource America, Inc. (NASDAQ:REXI) (the "Company") today announced that its previously announced private offering of Senior Notes, due 2004, had been increased to $100 million.The offering is being made only to qualified institutional buyers and selected accredited investors (as these terms are defined in Rule 144A and Rule 501(a), respectively, under the Securities Act of 1933). The Senior Notes will be senior general unsecured obligations of the Company of equal ranking with or (with respect to obligations specifically subordinated to the Senior Notes) senior to the Company's general unsecured indebtedness. The interest rate for the Senior Notes will be established prior to the close of the offering. The Senior Notes will have a seven year term. The Company may not redeem the Senior Notes prior to 2002, and thereafter may redeem them at specified premiums to par. No sinking fund is provided for the Senior Notes. Upon a change of control event, as defined in the indenture pursuant to which the Senior Notes will be issued, holders may require the Company to repurchase the holder's Senior Notes at a price of 101% of the principal amount of the holder's Senior Notes, plus accrued interest to the repurchase date. Holders of Senior Notes also have rights to cause the Senior Notes to be registered under the Securities Act. It is anticipated that the offering will close on or about July 22, 1997. The proceeds of the Senior Notes will be used by the Company to repay approximately $21.4 million of existing debt, to expand its real estate loan acquisition and resolution operations, to expand its equipment leasing operations and for other general corporate purposes. The Senior Notes will not be registered under the Securities Act of 1933, and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. -----END PRIVACY-ENHANCED MESSAGE-----